29 May '14, 5am

U.S. adds over 1.8 GW of solar PV, CSP in Q1 2014 #solar

The U.S. solar photovoltaic (PV) market grew 79% year-over-year in the first quarter of 2014 to reach 1.33 GW, according to GTM Research (Boston, Massachusetts, U.S.) and Solar Energy Industries Association's (SEIA, Washington D.C.) quarterly report on the market. For the first time, the nation's residential PV market exceeded its commercial market at 232 MW deployed during the quarter versus 225 MW. Additionally, the United States added 517 MW-AC of concentrating solar power (CSP) in two projects. “Solar accounted for 74% of all new U.S. electric capacity installed in Q1 2014, further signaling the rapidly increasing role that solar is playing in the energy market,” said GTM Research Senior VP Shayle Kann. “Expect to see a resurgence in the nonresidential market, combined with continued incremental residential growth, throughout the rest of this year.” Q1 dominated by uti...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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